Seabridge Investment Advisors Lowers stake in Coach Inc (COH)

Coach Inc (COH) : Seabridge Investment Advisors reduced its stake in Coach Inc by 4.82% during the most recent quarter end. The investment management company now holds a total of 190,430 shares of Coach Inc which is valued at $7,670,520 after selling 9,649 shares in Coach Inc , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Coach Inc makes up approximately 1.73% of Seabridge Investment Advisors’s portfolio.

Coach Inc opened for trading at $40.28 and hit $40.69 on the upside on Friday, eventually ending the session at $40.28, with a gain of 0.73% or 0.29 points. The heightened volatility saw the trading volume jump to 35,33,139 shares. Company has a market cap of $11,186 M.

Other Hedge Funds, Including , Carroll Financial Associates reduced its stake in COH by selling 3,668 shares or 25.28% in the most recent quarter. The Hedge Fund company now holds 10,839 shares of COH which is valued at $436,595. Coach Inc makes up approx 0.08% of Carroll Financial Associates’s portfolio. Atria Investments added COH to its portfolio by purchasing 10,599 company shares during the most recent quarter which is valued at $426,928. Coach Inc makes up approx 0.05% of Atria Investments’s portfolio.British Columbia Investment Management Corp boosted its stake in COH in the latest quarter, The investment management firm added 18,454 additional shares and now holds a total of 87,804 shares of Coach Inc which is valued at $3,451,575. Coach Inc makes up approx 0.03% of British Columbia Investment Management Corp’s portfolio.Greylin Investment Mangement Inc reduced its stake in COH by selling 2,355 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 700,600 shares of COH which is valued at $27,540,586. Coach Inc makes up approx 6.48% of Greylin Investment Mangement Inc’s portfolio.

On the company’s financial health, Coach Inc reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.41. The company had revenue of $1033.00 million for the quarter, compared to analysts expectations of $1023.14 million. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on Coach Inc. Company shares were Reiterated by Mizuho on Apr 22, 2016 to “Neutral”, Firm has raised the Price Target to $ 40 from a previous price target of $34 .Company shares were Reiterated by Wolfe Research on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 47 from a previous price target of $41 .Company shares were Reiterated by UBS on Apr 19, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $42 .

Coach Inc. (Coach) is a design house of modern luxury accessories and lifestyle collections. The Company operates through three segments: North America which includes sales to North American consumers through Coach-branded stores (including the Internet) and sales to wholesale customers; International segment which includes sales to consumers through Coach-branded stores (including the Internet) and concession shop-in-shops in Japan and mainland China Coach-operated stores and concession shop-in-shops in Hong Kong Macau Singapore Taiwan Malaysia South Korea the United Kingdom France Ireland Spain Portugal Germany Italy Belgium and the Netherlands as well as sales to wholesale customers and distributors in approximately 45 countries and Other segment which consists of sales and expenses generated by the Coach brand in other ancillary channels including licensing and disposition. Its product offerings include watches footwear scarves and jewelry.

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